Nifty : Real time discussions...!

[stock72]

i read so much over the weekend..was feeling confident today...but again i am lost...kya karu kuch samajh nahi aa raha :annoyed:

confident of what ?

 

[linkon7]

i read so much over the weekend..was feeling confident today...but again i am lost...kya karu kuch samajh nahi aa raha :annoyed:

Golden rule is...never implement what u read....! use ur old time tested method while trading and watch how ur new found knowledge is working realtime....!

what appears like a stroke of genius on paper...in reality is very hard to implement...!

 

[casonite]

confident of what ?

confident of being able to trade....nothing else bro...man like me with so little knowledge can never be confident of winning the market

 

[linkon7]

confident of being able to trade....nothing else bro...man like me with so little knowledge can never be confident of winning the market

I seen you pulling off some amazing trades...! why the sudden dent in confidence...?

 

[casonite]

I seen you pulling off some amazing trades...! why the sudden dent in confidence...?

those were some formations that i was comfortable trading but as you say...market shows you new things each day..i don't know how to trade run away markets like these...so there is big gap in my knowledge which is making me fearful of taking any decisions

 

[manoharpillai]

Bears are trapped now just see the game from now on, market will take off from tomorrow will surely touch 5600 and above most would dare to touch the up move that is the magic play it again and again no one will ever understand this big dirty game!!

This is what i said on 16th but only the timing differed but the result is the same. I did received lots of criticism let me take it , i have no hard feelings what so ever.

 

[sumosanammain]

those were some formations that i was comfortable trading but as you say...market shows you new things each day..i don't know how to trade run away markets like these...so there is big gap in my knowledge which is making me fearful of taking any decisions

Run away markets should be traded in a run away fashion if you are not comfortable with them. Meaning, run away for the day Tomorrow isi another day!

 

[linkon7]

those were some formations that i was comfortable trading but as you say...market shows you new things each day..i don't know how to trade run away markets like these...so there is big gap in my knowledge which is making me fearful of taking any decisions

run away markets are very difficult for players like us. And on such days, we have to just wait and watch and remind ourselves that such scenario is just the rare 5% of the time when we are not in control of our emotions. Keep reminding yourself that, when in doubt stay out. I stayed out yesterday whole day as i was not sure how to re enter a market which is running like crazy. The only trade i initiated with the expectation that last half hour will see a weekend effect and premium will come down. It got jacked real bad. ended with a m2m loss of 6 points.

Today morning i did some damage control. it clicked. But again a case of bad execution. straddle premium shot up to 245 at one stage. It is getting uncomfortable.

Took a OBR trade on nf..it clicked... and now again i'm siting idle. watching the bears get slaughtered.

I keep reminding myself, some days i gain money, some days i gain experience.

 

[rrmhatre72]

those were some formations that i was comfortable trading but as you say...market shows you new things each day..i don't know how to trade run away markets like these...so there is big gap in my knowledge which is making me fearful of taking any decisions

That is good....
Panny saved is Penny earned.... You have self control & your are not entering into the market when you are in doubt.... This is really good quality...
Keep on trading with pattern which you are comfortable with... That will gain you money.....

 

[linkon7]

sure,
plz sugest me to post which thread is bettr for stocks, & Futures, also commodity ....

Open a new thread and post there. It'll keep a record of all your views in one place and u can judge how well you are in sync with the market. After all, we are in a market where we try to better our own self by working on our grey areas. A collection of such real time views will help on that regard...!

happy trading...!